Browsing:Bitcoin ETFs

withdrawals from Grayscale's Bitcoin ETF (GBTC) have exceeded $5 billion since January 11
1 month ago 1 min read

The US Bitcoin ETFs experience net inflows of only $1.8 billion

According to digital asset management firm CoinShares, withdrawals from Grayscale’s Bitcoin ETF (GBTC) have exceeded $5 billion since January 11, outpacing inflows into other funds. While the pace of daily redemptions has slowed over the last week, indicating a slowdown in sales, GBTC’s net outflows stand at $2.2 billion, while U.S. bitcoin ETFs saw net inflows of only $1.8 billion. According to CoinShares’ Chief of Research, James Butterfill, the slowdown in daily redemptions indicates a downward trend in GBTC outflows. Notably, Coinbase Prime received $289 million in bitcoin from Grayscale on Monday, a significant reduction from the previous week’s average

Thailand's SEC has declined to approve the trading of spot Bitcoin ETFs
1 month ago 1 min read

Thailand’s SEC says no to Bitcoin ETF trading while allowing digital investments through local exchanges

Thailand‘s Securities and Exchange Commission (SEC) has declined to approve the trading of spot Bitcoin ETFs, indicating a cautious approach to these investment products. The decision comes after the recent approval of Bitcoin ETFs in the United States, including industry leader BlackRock. On January 17, local media reported that the Thai SEC is currently unprepared to support spot Bitcoin ETFs in the country. Despite the US approving 11 companies to launch Bitcoin ETFs, Thai authorities point to a lack of appropriate policies to facilitate such offerings domestically. While the United States has made significant progress in approving Bitcoin ETFs, Thailand’s